Mahindra & Mahindra stock zooms 61% in 3 months

Published On: Friday, July 17, 2020 | By: Team KnowMyStock

Mahindra & Mahindra (M&M) shares hit an over five-month high of Rs 588, up 3 percent on the BSE today(17th July 2020); extending its previous days’ 4 percent rally on the expectation of good June quarter earnings. In the past three months, the stock has outperformed the market by surging 61 percent, as compared to a 16 percent rise in the S&P BSE Sensex. For the January-March quarter (Q4FY20) quarter, M&M had reported a robust operational performance. The company reported a standalone net loss of Rs 2,500 crore, due to exceptional loss of Rs 2,800 crore on account of impairment on investments due to Covid-19. It had posted a net profit of Rs 849 crore in the year-ago quarter. EBITDA (earnings before interest, taxes, depreciation, and amortization) margins came at 12.4 percent down just 100 basis points on a quarter on quarter (QoQ) basis.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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